net income
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Definition(s):
- (n) the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
Synonym(s)
lucre, net, net profit, profit, profits
Usage(s):
- A 3% normal income tax is placed on the first $4,000 net income, and 6% on all greater net income.
- A corporation whose net income exceeds $10,000 would be taxed from 4% if it retained 10% or less of its net income to 42% if it retained 57% or more of its net income.
- During the period, Capital paid out $8,000,000 in dividends to all stockholders, though its net income was only $5,200,000.
Word of the Day
incendiary
/ɪn ˈsɛn di ɛ ri /
/ɪn ˈsɛn di ɛ ri /